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Web Desk
Jul 04, 2024

SBP’s forex reserves surge by $493.7 million amid multilateral support

The State Bank of Pakistan (SBP) reported a notable increase in its foreign exchange reserves, which surged by $493.7 million.

Business

Web Desk
Jul 04, 2024

FBR cracks down on tax dodgers, blocks more than 200,000 SIMs

In a bold move aimed at boosting tax revenues, FBR has deactivated 210,000 SIM cards belonging to individuals who have not filed tax returns.

Business

Web Desk
Jul 04, 2024

PSX closing: KSE-100 sets new record high despite minor gains

PSX’s benchmark KSE-100 Index concluded today’s trading session at 80,282.80, marking a marginal increase of 49.13 points or 0.06 per cent.

Business

Web Desk
Jul 04, 2024

Interbank closing: PKR drops by 9.47 paisa against USD

In Thursday’s interbank trading session, the Pakistani rupee (PKR) experienced a slight depreciation against the US dollar (USD), closing at PKR 278.5 compared to the previous day’s rate of PKR 278.4 per USD. This marks a decrease of 9.47 paisa.

Business

Web Desk
Jul 04, 2024

Milk in Pakistan now more expensive than in France and Australia

Milk prices in Pakistan have surged following the introduction of a new tax, increasing the financial burden on consumers.

Business

Web Desk
Jul 04, 2024

Gold prices rise again in Pakistan

The international rate of gold increased on Thursday. As per APGJSA, the rate was at $2,355 per ounce (with a premium of $20) after it gained $10 during the day.

Business

Web Desk
Jul 03, 2024

SBP reports 14.51 per cent YoY increase in total money supply

The State Bank of Pakistan (SBP) has reported that the total money supply (M3) in the economy reached Rs37.95 trillion by the end of May 2024.

Business

Reuters
Jul 03, 2024

Pakistan has met all requirements for IMF bailout deal: top official

Minister of State for Finance, Revenue and Power Ali Pervaiz Malik says “We hope to culminate this (IMF) process in the next three to four weeks”

Business

Web Desk
Jul 03, 2024

PIA privatisation process set to conclude next month

The Privatisation Commission has announced plans to finalise the privatisation process of Pakistan International Airlines (PIA) by August.

Business

Web Desk
Jul 03, 2024

Pakistan secures $402.96 million in external financing for May 2024

Pakistan obtained external financing worth $402.96 million in May 2024 from various international sources, as per the latest monthly report by the Economic Affairs Division (EAD).